Dollar General
Retail | 7.40% CAP | 8,000 SqFt
Marketing description
INVESTMENT GRADE CORPORATE GUARANTY (S&P: BBB/STABLE)
The Lease is corporately guaranteed by Dollar General Corporation, which carries an investment grade credit rating of BBB/Stable by S&P Global Ratings. For FY2024, Dollar General reported total sales of $38.7 billion and net income of $1.7 billion.
LOW RENT
With an NOI of only $41,340 ($5 PSF), this is one of the most affordable Dollar General rents on market.
NO DEFERRED MAINTENANCE
With two HVAC systems replaced in 2025 and a third replaced in 2023, investors can underwrite minimal capital expenses.
22-YEAR OPERATING HISTORY, RECENT LEASE EXTENSION
Dollar General has been operating at this location since 2003 and recently executed a five (5) year early extension, demonstrating their commitment to and success at the site.
LIMITED LANDLORD RESPONSIBILITIES WITH PROFITABLE ARBITRAGE
The lease features limited landlord responsibilities. The Tenant pays $225/month for parking lot expense reimbursement which averages ~$180/month, providing the landlord with an additional $540 per year.
ADJACENT TO LAKE D’ARBONNE - NATIONALLY RECOGNIZED FISHING DESTINATION
The Property is located at the base of Lake D’Arbonne, a 15,250-acre lake with a 655-acre state park. The lake has become known for its year-round tourism, boasting a variety of attractions and activities including five fishing piers, camping sites, tennis courts, swimming pools, water skiing areas, and numerous trails for biking. A major contributor to the area’s economy, Lake D’Arbonne, attracts 60,000+ outdoor enthusiasts annually and provides Dollar General with a large consumer base.
Investment highlights
Recent early extension
Low rent of $41K
Brand new HVAC
Investment grade corporate guaranty
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